Azerbaijan: Accumulator Market 2024

Accumulator Market Size in Azerbaijan

The Azerbaijani accumulator market amounted to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Accumulator Production in Azerbaijan

In value terms, accumulator production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports from Azerbaijan

In 2022, approx. X units of electric accumulators were exported from Azerbaijan; waning by X% against the previous year's figure. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, accumulator exports soared to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X units), the UK (X units) and the Czech Republic (X units) were the main destinations of accumulator exports from Azerbaijan, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for electric accumulators exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Luxembourg, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Luxembourg (X% per year).

Export Prices by Country

The average accumulator export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accumulator Imports

Imports into Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in purchases abroad of electric accumulators, which increased by X% to X units in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, accumulator imports expanded sharply to $X in 2022. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X units), China (X units) and Kazakhstan (X units) were the main suppliers of accumulator imports to Azerbaijan, with a combined X% share of total imports. Belarus, Russia, Ukraine and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest accumulator suppliers to Azerbaijan were Turkey ($X), China ($X) and Kazakhstan ($X), together comprising X% of total imports. Belarus, Russia, Ukraine and Vietnam lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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